NICH doch!
Seite 1 von 1 Neuester Beitrag: 23.01.06 15:42 | ||||
| Eröffnet am: | 23.01.06 15:42 | von: Dr.UdoBroem. | Anzahl Beiträge: | 1 |
| Neuester Beitrag: | 23.01.06 15:42 | von: Dr.UdoBroem. | Leser gesamt: | 1.480 |
| Forum: | Hot-Stocks | Leser heute: | 1 | |
| Bewertet mit: |  | |||
Heute 3:1 Split und wieder 30% im Plus...
Nitches Swings to First-Quarter Profit
Friday January 20, 10:41 am ET
Nitches Swings to First-Quarter Profit As Sales More Than Double on New Acquisition
SAN DIEGO (AP) -- Wholesale clothing retailer Nitches Inc. said Friday it swung to a profit in its fiscal first quarter, as revenue from a newly acquired business helped more than double sales.
Nitches swung to a profit of $520,000, or 42 cents per share, from the year-ago quarter's loss of $12,000, or 1 cent per share. Sales jumped to $14.7 million from $6.3 million a year earlier.
The company, which sells women's clothing wholesale to retailers such as Kohl's Corp. and Stein Mart Inc., in October acquired a remaining 72 percent stake of lingerie company Designer Intimates Inc. In the first quarter, which ended Nov. 30, new business from Designer Intimates contributed $6.4 million to Nitches sales.
Last month, Nitches said it would pay a stock dividend to shareholders of 200 percent per share, increasing the amount of its outstanding shares to 4.05 million from 1.35 million.